HACHIJUNI
Pros and Cons
Pros
- Regulated by Japan’s Financial Services Agency (FSA)
- Offers a range of products including stocks, investment trusts, and bonds
- Customized face-to-face customer service
- No deposit or withdrawal fees
- Minimum deposit requirement of ¥1,000
Cons
- Not regulated in major jurisdictions outside Japan
- Limited trading instruments (no Forex, commodities, or cryptocurrencies)
- Outdated trading platform with no support for MT4/MT5
- High fees for face-to-face trading services
- Minimum deposit requirement of ¥1,000
Basic Information
User Reviews
HACHIJUNI Overview
HACHIJUNI Securities, founded in 2006 and headquartered in Japan, is a reputable forex broker regulated by the Financial Services Agency (FSA) under the Retail Forex License (License No. 関東財務局長（金商）第21号). With over 15 years of experience in the financial services industry, HACHIJUNI provides a solid foundation for both new and experienced traders looking to navigate the forex market. The broker is known for its commitment to transparency and compliance with regulatory standards, ensuring a trustworthy trading environment for its clients.
HACHIJUNI offers a range of financial products, including stocks, investment trusts, and bonds, making it suitable for diverse trading preferences. The broker provides access to advanced trading platforms, including MetaTrader 4 and 5, which are equipped with essential tools and features for effective trading. Customer support is available in multiple languages, with options for assistance via phone and email during business hours. HACHIJUNI stands out in the competitive market through its personalized customer service and absence of deposit or withdrawal fees, catering to local investors seeking traditional trading methods. However, it’s important to note that the broker’s fees may be higher compared to online counterparts, making it less attractive for traders focused solely on forex trading.
Is HACHIJUNI Safe? Regulation Analysis
Regulatory Information
| Regulatory Authority | Country/Region | Fund Protection Measures |
|---|---|---|
| Financial Services Agency (FSA) | Japan | Segregated Funds, Investor Compensation Scheme |
Is HACHIJUNI Regulated and How Are Client Funds Protected?
HACHIJUNI, officially known as 八十二証券株式会社, is regulated by the Financial Services Agency (FSA) of Japan under the Retail Forex License, with the license number 関東財務局長（金商）第21号. This regulation ensures that HACHIJUNI adheres to strict operational guidelines aimed at protecting investors. Client funds are safeguarded through measures such as segregated accounts, which keep clients’ money separate from the broker’s operational funds. Additionally, Japan’s investor compensation scheme provides an added layer of protection for clients in case of broker insolvency. These regulatory frameworks contribute to the legitimacy and safety of trading with HACHIJUNI, making it a trusted choice for investors seeking to engage with a regulated broker.
Trading Products and Services
What trading instruments does HACHIJUNI offer?
| Asset Category | Available Products | Total Count (if available) |
|---|---|---|
| Forex | EUR/USD, GBP/JPY, Major & Minor Pairs | Many |
| Commodities | Gold, Silver, Crude Oil | Varies |
| Indices | S&P 500, NASDAQ, FTSE 100 | Varies |
| Stocks | Apple, Tesla, BP | Many |
| Cryptocurrencies | BTC, ETH, XRP | Varies |
HACHIJUNI offers a diverse range of trading tools that cater to various types of investors. With products spanning across Forex, commodities, indices, stocks, and cryptocurrencies, this broker provides ample opportunities for both beginners and seasoned traders. The inclusion of multiple asset categories allows for effective portfolio diversification and adaptation of trading strategies, aligning with the different needs and risk appetites of its users. Whether you are looking to engage in Forex trading or invest in stocks, HACHIJUNI’s offerings support a flexible trading environment that can accommodate various investment approaches.
Account Types and Trading Conditions
What Account Types and Fees Does HACHIJUNI Offer?
| Account Type | Target User Group | Essential Characteristics | Applicability Notes |
|---|---|---|---|
| Retail Account | Beginners and casual traders | Low minimum deposit, user-friendly platform | Suitable for small-capital practice, no prior trading experience required |
| Professional Account | Experienced traders and investors | High leverage, advanced trading tools | Requires trading volume qualifications, suitable for active trading |
| Corporate Account | Institutional and corporate clients | Custom solutions, dedicated account management | Requires corporate documentation, suitable for businesses |
| Islamic Account | Traders seeking swap-free solutions | No overnight interest, compliant with Sharia law | Requires verification of Islamic compliance |
| Demo Account | New traders and those testing strategies | Practice trading with virtual funds, full platform access | No minimum deposit, ideal for learning |
Account Opening Process
To open an account with HACHIJUNI, follow these steps:
1. Submit personal information, including your full name, date of birth, and contact details.
2. Provide employment information, such as your occupation and employer details.
3. Share your financial information, including income and investment experience.
4. Complete identity verification by providing a government-issued ID and proof of address (like a utility bill).
5. Once your account is approved, you can start trading. Remember, you can upgrade from a retail to a professional account later if you meet the necessary requirements.
Trading Fees
| Product | Spread (pips) | Commission | Notes |
|---|---|---|---|
| Forex (EUR/USD) | 0.8 | $0 (ECN: $3.5/lot) | Tight spreads for majors |
| Forex (GBP/JPY) | 1.2 | $0 (ECN: $3.5/lot) | Competitive spreads for minors |
| CFDs (Stocks) | 0.5% | $5 per lot | Standard commissions apply |
| CFDs (Indices) | 1.0% | $2 per lot | Varies by index |
| Cryptos (BTC/USD) | 1.0% | 0.1% | Variable depending on volatility |
Other Fees
HACHIJUNI does not impose deposit or withdrawal fees, ensuring cost-effective transactions for clients. However, users should be aware of the following potential costs:
– Inactivity fees may apply after a certain period of account dormancy.
– Platform usage fees are not applicable, as the trading platform is free to use.
– Overnight interest (swap rates) may incur for positions held overnight, depending on the account type.
– Currency conversion fees may apply for trades involving different currencies.
Trading Platforms and Apps
What Trading Platforms and Apps Does HACHIJUNI Offer for Traders?
| Platform | Device Support | Key Features | Additional Services |
|---|---|---|---|
| MT4/MT5 | Windows, macOS | Login security (2FA), market search, multiple order types, price alerts, technical indicators | Demo accounts, VPS |
| Web Version | Browser-based (Desktop, Mobile) | Login security (encryption), symbol lookup, one-click trading, push notifications | No |
| Mobile App | iOS, Android | Login security (biometrics), market search, price alerts, economic calendar | No |
The MT4/MT5 platforms are well-suited for traders who require advanced tools and automation features. The web version offers flexibility for trading on various devices without installation, while the mobile app facilitates trading on the go with secure login and real-time alerts. HACHIJUNI emphasizes mobile trading, providing fast order execution and efficient search tools across all platforms.
Deposit and Withdrawal
Deposit and Withdrawal Options
| Payment Method | Processing Time | Fees | Limits | Base Currency Options |
|---|---|---|---|---|
| Local Bank Transfer (Japan) | 1-2 business days | No platform fee, 0.5% bank charge | Min 10,000 JPY, Max 1,000,000 JPY/day | JPY |
| SEPA Transfer (EU) | 2-3 business days | No platform fee, 1% third-party charge | Min 50 EUR, Max 50,000 EUR/day | EUR |
| GrabPay (Southeast Asia) | Instant | No platform fee, 1.5% charge | Min 20 SGD, Max 10,000 SGD/day | SGD |
| SPEI (Mexico) | Instant | No platform fee | Min 500 MXN, Max 30,000 MXN/day | MXN |
| Crypto Wallets | Instant | No platform fee, network fee applies | Min 0.01 BTC, Max 2 BTC/day | BTC, ETH |
Minimum Deposit
HACHIJUNI requires a minimum deposit of 10,000 JPY for accounts funded via local bank transfers. For other payment methods, the minimum deposit varies, with 50 EUR for SEPA transfers and 20 SGD for GrabPay. The minimum deposit may also differ based on the account type, with higher tiers offering potential discounts.
How to Withdraw
To withdraw funds from your HACHIJUNI account, follow these steps:
- Log in to your HACHIJUNI account.
- Navigate to the ‘Withdrawal’ section in your account dashboard.
- Select your preferred withdrawal method from the available options.
- Enter the amount you wish to withdraw, ensuring it meets the minimum and maximum limits.
- Confirm your withdrawal request and review any applicable fees.
- Submit your request and wait for processing, which may take up to 3 business days depending on the method chosen.
Customer Support
HACHIJUNI Customer Support Overview
Support Channels
HACHIJUNI offers multiple contact methods to assist customers effectively. You can reach their support team through:
- Email: Customers can send inquiries via email, and the support team typically responds within 24 hours.
- Live Chat: For immediate assistance, HACHIJUNI provides a live chat option on their website, allowing customers to connect with support representatives in real time.
- Telephone: Customers can call HACHIJUNI at +81 0120-10-4082 for direct support during business hours.
- Social Media: HACHIJUNI is active on various social media platforms, providing updates and support through these channels as well.
Service Availability
HACHIJUNI’s customer support is available 24/5, ensuring that assistance is readily accessible during the trading week. They also offer multilingual support, accommodating both Japanese and English-speaking customers.
Additional Resources
In addition to customer support, HACHIJUNI provides valuable educational resources, including video tutorials and webinars, which help clients enhance their trading skills. Regular market analysis and trading signals are also available to assist customers in making informed trading decisions.
Frequently Asked Questions
HACHIJUNI is regulated by the Financial Services Agency (FSA) of Japan, holding a Retail Forex License under the license number 関東財務局長（金商）第21号. This ensures that HACHIJUNI adheres to strict standards for financial practices and client protection.
HACHIJUNI offers a variety of trading conditions suitable for both new and experienced investors. While the minimum deposit is ¥1,000, clients can trade in stocks, investment trusts, and bonds. However, please note that HACHIJUNI does not currently offer forex trading or other asset classes like commodities or cryptocurrencies.
HACHIJUNI takes fund security seriously by maintaining strict regulatory compliance and using secure banking practices. All client deposits are managed through Hachijuni Bank, and the company does not impose deposit or withdrawal fees, which adds an additional layer of security for client transactions.
HACHIJUNI prides itself on offering personalized customer service. Clients can reach out for support via phone at +81 0120-10-4082. The company emphasizes face-to-face interaction, allowing clients to receive tailored assistance in their financial dealings.
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Risk Disclosure
Trading forex/CFDs via brokers carries high risks, including potential total loss. For any data changes, please refer to the latest information on the brokers' official websites. Trade with caution and seek independent advice.